Abstract: It is indicated in the calculation, focused on the efficiency average value, of the investment made by Anhui listed enterprises in 2008 to 2013 by use of Richardson Model as well as in the comparative analysis of the investment by three provinces of Jiangsu, Zhejiang and Hubei that the efficiency related to Anhui listed companies is lower than that of Jiangsu and Zhejiang, the investment efficiency of listed companies is obviously in the fluctuation, and the investment is not rational of those listed companies in the secondary industry. It is concluded that Anhui Province is supposed to pay more attention to the supervision on the financing capital scale and application of listed companies, make good arrangement on the internal investment expenditure with the proper financing method, make good use of capital and improve the traffic situation in the Province for the tourism industry to be quickly listed.